Shree Cement secures coal linkage

Shree Cement has won the bid for coal linkages from state-run Coal India subsidiary, South Eastern Coalfields (SECL), for 80,000 tonne annually. The company will get the supply of the dry fuel mainly from New Kusmunda mine in Chhattisgarh for Rs 970 per tonne and it has been allocated a supply of 80,000 tpa. In May, the company said it will set up a clinker plant with 2.8 mtpa capacity at its integrated cement plant in Raipur, Chhattisgarh.The investment required for the capacity addition at the 2.6 mtpa cement plant is about Rs 700 crore, which excludes the cost of land and other infrastructure. It will finance the amount through internal accruals and the exercise will be completed by March 2018.
Contact: Shree Cement.
Tel: 01462-228 101.
Website: www.shreecement.in